Australian home price slide worsens, Melbourne leads real estate fall

Australia’s housing downturn is getting worse, with the more expensive end of the market in Melbourne and Sydney leading the declines.

CoreLogic’s monthly home price index shows a national capital city price fall of 0.4 per cent during August, with prices down 1.2 per cent over the past three months and nearly 3 per cent over the past year.

Melbourne is now leading the declines, with a 2 per cent fall over the past three months, although Sydney’s 5.6 per cent annual decline is still the worst over the past year… Read more